JD Cables IPO Witnesses Huge Demand by Retail and Institutional Investors

Mumbai, 22nd September 2025: JD Cables Limited’s IPO ₹96 crore Initial Public Offering (IPO) is closing today, and the IPO so far on Day 3 has witnessed huge investor demand. The issue has so far seen healthy participation from Qualified Institutional Buyers (QIBs), High Net-Worth Individuals (HNIs), and retail investors, demonstrating excellent confidence in the company’s growth story.

On Day 3, midday, overall bids crossed 16.46 crore shares against 45.35 lakh shares offered, equating to a subscription of 36.31x .

Established in 2015, JD Cables produces power and control cables, aerial bunched cables, and conductors. The firm has approvals from several state electricity boards and caters to infrastructure projects in eastern India. The shares are to list on the BSE SME platform on September 25, 2025.

Subscription Highlights (As of Midday)

• Qualified Institutional Buyers (QIBs): Offered 11,97,600 shares, subscribed 23.06x so far. Major contributions were made by FIIs bidding 1,03,33,600 shares, domestic insurers 12,31,200 shares, and others 1,60,54,400 shares.
• Non-Institutional Investors (NIIs): 12,26,400 shares offered, subscribed 40.14 times so far. The >₹10 lakh category witnessed aggressive subscription at 62.28 times, while ≤₹10 lakh investors subscribed 37.69 times.
• Retail Individual Investors (RIIs): 21,11,200 shares offered, subscribed 41.60 times so far, underscoring the vigor of small investor interest.

Most bids came at the higher price band of ₹152, reflecting healthy sentiment on the IPO’s valuation.

Anchor Investor Allocation

JD Cables raised ₹27.06 crore on September 17, 2025, by issuing 17,80,000 shares at ₹152 per share to 20 anchor investors. Key participants were Beacon Stone Capital VCC, Negen Undiscovered Value Fund, YR Investment Opportunities Fund, HDFC Bank, Arrow Emerging Opportunities Fund, Meru Investment Fund, Rajasthan Global Securities, and Sunrise Investment Trust.

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